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Redemption of epcg authorization

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2016 Sir,
If we are to redeem a EPCG Authorization for which EO has not yet being fulfilled, what shall be the applicable rate of interest and Custom Duty payable for proceeding the Redemption
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Dr.RAMAKRISHNA. C

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Dr.RAMAKRISHNA. C (Expert)
28 July 2016 According to Customs Notification No :18/2011 Customs (NT) , interest on Customs duty is 18% per annum.

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